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Table 1 Consumer Price Indices and Rates of Increase for July 1995
(Oct. 89
-
Sep. 90
100)
CPI(A)
QPI(B)
Hang Seng CPI____
Composite CPI
Index
for
$ change
Over
Index for
* change
over
Index
for
* change
Index
over
for
Component
Jul 95
Jul 94
Jul 95. Jul 94
Jul 95
Jul 94
Jul 95
change over Jul 94
Food
151.7
+6.0
153.4
Meals bought
163.1
+7.0
162.5
46.3
+6.9
155.6
+7.1
153.1
+6.3
163.2
+7.7
162.9
+7.1
away from home
Food, excluding
140.3
+4.7
140.9
+5.3
142.6
+5.8
140.9
+5.1
meals bought
away from home
Housing
185.7
+12.6
190.5
+14.2
197.2
+13.6
191.1
+13.6
Fuel and light
134.6
+8.2
134.2
+8.5
132.8
+7.0
134.1
+0.1
Alcoholic drinks
199.2
+6.8
188.5
+6.3
183.8
+6.3
193.3
+6.6
and tobacco
Clothing and
149.2
+8.8
152.0
+9.2
166.4
+15.8
156.2
+11.4
footwear
Durable goods
117.1
+3.9
116.4
+3.9
121.9
+4.1
118.3
+4.0
Miscellaneous
141.8
+8.7
137.3
+7.5
135.2
+7.4
138.4
+7.9
goods
Transport.
160.2
+7.2
159.3
+7.5
157.2
+6.8
159.0
+7.2
Miscellaneous
174.0
+11.3
168.1
+10.8
155.8
+9.0
166.2
+10.5
services
All items
159.8
+8.5
161.5
+9.2
165.7
+10.1
161.9
+9.2
Monthly consumer price indices are compiled on the basis of (a) expenditure patterns of relevant households and (b) prices collected currently in the month. The expenditure patterns underlying the 1989/90-based consumer price indices are based on those patterns derived from the 1989/90 Household Expenditure Survey. The CPI(A) is based on the expenditure pattem of about 50% of households in Hong Kong, which had an average monthly expenditure of $2,500-$9,999 in 1989/90 (broadly equivalent to $3,900-$16,000 at 1995 prices). The CPI(B) is based on the expenditure pattern of the next 30% of households, which had an average monthly expenditure of $10,000-$17,499 in 1989/90(broadly equivalent to $16,000-$28,500 at 1995 prices). The Hang Beng CPI is based on the expenditure pattern of the next 10% of households, which had an average monthly expenditure of $17,500-$37,499 in 1989/90 (broadly equivalent to $28,500-$61,000 at 1995 prices).
Whereas the CPI(A), CPI(B) and Hang Seng CPI are based on the expenditure patterns of groups of households with different magnitudes of household expenditure, the Composite CPI is compiled based on the expenditure pattern of all these households taken together. Thus, while the CPI(A), CPI(B) and Hang Seng CPI show the impact of consumer price changes on different groups of households, the Composite CPI shows the impact of consumer price changes on the household sector generally.
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